- Leggett & Platt, Incorporated is set to be acquired by Somnigroup International in an all-stock deal valued at $2.5 billion, following a recent dividend cut.
- Analysts anticipate Leggett & Platt, Incorporated will report $0.26 earnings per share (EPS) and $946.79 million in revenues, with the official earnings release scheduled for May 7, 2026, notably without a conference call.
- The acquisition announcement boosted Leggett & Platt, Incorporated shares by over 12 percent, with shareholders receiving 0.1455 shares of Somnigroup, granting them approximately 9 percent ownership in the combined entity, alongside current valuations including a 6.75 price-to-earnings (P/E) ratio.
Leggett & Platt, Incorporated (NYSE: LEG) is a diversified manufacturer that produces a wide range of engineered products. The company is in the process of being acquired by Somnigroup International in an all-stock deal valued at $2.5 billion. This follows a dividend cut by Leggett & Platt, Incorporated in 2024, as highlighted by 24/7 Wall St.
The company is expected to release its quarterly earnings report around April 27, 2026. Wall Street analysts have a consensus earnings per share (EPS) estimate of $0.26 for Leggett & Platt, Incorporated. EPS represents the company’s profit divided by its number of outstanding shares, indicating profitability on a per-share basis.
Analysts also estimate that the company will report revenues of $946.79 million for the quarter. However, as highlighted by GlobeNewswire, the company officially announced it will release its results on May 7, 2026. Leggett & Platt, Incorporated also stated it will not host a conference call, which is unusual for a company of its size.
Following the acquisition announcement, shares of Leggett & Platt, Incorporated increased by more than 12 percent, as reported by GuruFocus. Under the deal, Leggett & Platt, Incorporated shareholders will receive 0.1455 shares of Somnigroup for each share they own. This exchange will give former Leggett & Platt, Incorporated shareholders about 9 percent ownership in the newly combined company.
The company’s valuation includes a price-to-earnings (P/E) ratio of 6.75. This ratio compares the company’s share price to its earnings per share. A lower P/E can sometimes suggest a stock is priced low relative to its earnings. Leggett & Platt, Incorporated also has a price-to-sales (P/S) ratio of 0.38 and a debt-to-equity ratio of 1.62.
